Egypt’s budget revenues from ship tolls passing through the Suez Canal halved in January amid conflict in the Red Sea Bloomberg.
The country’s revenue reached nearly $428 million at the end of last month, up from $804 in the same period in 2023. Head of the Suez Canal Administration, Osama Rabi, said that the number of ships operating in the canal decreased by 36 percent due to attacks by Yemeni militants.
The Suez Canal is the shortest sea route between Asia and Europe and an important source of foreign currency for the Egyptian economy. In 2023, the country’s budget revenue from ship tolls reached 10.25 billion dollars.
February 1 reportedIt was reported that a British merchant ship heading to an Israeli port was attacked by the Houthis.
USA on the night of February 4 applied A new blow to Yemen.
Previously reportedHe said the situation in the Red Sea was pushing global oil exporters to enter local markets.